Petronas through its subsidiary, Malaysia LNG (MLNG) has signed a Heads of Agreement with Tokyo Gas Co.to supply liquefied natural gas (LNG) for a period of up to 13 years.
Under the terms of the agreement, the supply to Tokyo Gas will start in April 2018 with 0.5 million tonnes per annum for the first six years, with the possibility of a volume increase of up to 0.9 million tonnes per annum for the remaining extension period.
Petronas vice president of LNG Marketing & Trading, Ahmad Adly Alias said Petronas remains steadfastly committed to delivering reliable supply of LNG through its integrated operations that allow for both long-term and short-term solutions for its customers.
“The agreement is a testament to PETRONAS’ strength and reliability in providing flexible solutions to accommodate the different needs of buyers,” he added.
MLNG operates the Petronas LNG Complex in Bintulu, Sarawak. The nine-train facility has a combined annual production capacity of about 30 million tonnes.